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That's one factoring. A different factoring is that the excess wealth is (economic value) - (expenses paid) And that there's a ratio of profit vs wages taken o
by 8note 4y ago
That's one factoring. A different factoring is that the excess wealth is (economic value) - (expenses paid)
And that there's a ratio of profit vs wages taken out of that. That ratio can be larger or smaller. If that ratio is 1, there is no wages, and if it's 0, there is no profit.
The comment is that that ratio is too close to 1.
- gruez 4y ago> That's one factoring. A different factoring is that the excess wealth is (economic value) - (expenses paid) That factoring wouldn't make sense in the context of the original comment, because it also claims that "The capital holders are taking all of the excess wealth created", which clearly isn't the case because we're not paying everyone $0 in wages.